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it's okay to reduce the deficit, just not in my backyard. >> right, right. same issue with oil. >> we'll take a break. we are coming back with the closing countdown and a recap of the date in a moment. >> and just moments away from the kickoff of earnings season. this is what we've been waiting for. alcoa chairman and ceo klaus kleinfeld will join us. you're watching the "closing bell" on cnbc, first in business worldwide. ally bank. why they're always there to talk. i love you, james. don't you love me? i'm a robot. i know. i know you're a robot! but there's more in you than just circuits and wires! uhhh. (cries) a machine can't give you what a person can. that's why ally has knowledgeable people there for you, night and day. ally bank. your money needs an ally. like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ame
it's okay to reduce the deficit, just not in my backyard. >> right, right. same issue with oil. >> we'll take a break. we are coming back with the closing countdown and a recap of the date in a moment. >> and just moments away from the kickoff of earnings season. this is what we've been waiting for. alcoa chairman and ceo klaus kleinfeld will join us. you're watching the "closing bell" on cnbc, first in business worldwide. ally bank. why they're always there to talk....
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greece says we need more time to hit our deficit targets. well, time is money. they have to borrow every single day. if they can't pay the bills, the money has to come from somewhere. so if it is going to be two years more before they balance the budget, somebody has to fill the hole. it doesn't mean the germans or the rest of europe will write the check. what a lot of individuals believe will happen is there will be a back door bailout via the ecb. remember, greece still owes the ecb 25 billion euros roughly over the next three years that really like the ecb to delay receiving payment. that's not going to happen. at least it is highly unlikely. what's likely to happen, carl, is greece to going to go to the short-term markets. they're going to issue t bills or short-term notes and their banks will buy them and bring them to the greek central bank and the greek central bank will bring them to the ecb and they will be paid back with the very money they're giving back to the greeks. it will be a big circle covering 25 billion euro hole over the next three years. di
greece says we need more time to hit our deficit targets. well, time is money. they have to borrow every single day. if they can't pay the bills, the money has to come from somewhere. so if it is going to be two years more before they balance the budget, somebody has to fill the hole. it doesn't mean the germans or the rest of europe will write the check. what a lot of individuals believe will happen is there will be a back door bailout via the ecb. remember, greece still owes the ecb 25...
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>> it wasn't a five-point plan, it was a five-point set of platitudes, he wants to prove training, deficit, and trade. but not how he would. other than what his end goals were. >> interesting, wolf. some of the frustration people had, there weren't lots of specifics in this debate. and, in fact, i know you will talk about the low points. smu professors saying this is the number one debate in terms of the number of low points as scored by the focus group that they've done in the past six years. >> i want to do that right now, erin. the low points of the debate for joe biden and paul ryan. vice president, came around 9:10 p.m. eastern, near the top of the debate. explaining the attack on the u.s. consulate in libya. >> we weren't told we want more security. we didn't know they wanted more security. by the way, at the time, we said exactly what the intelligence community told us, that they knew. that was the assessment. and as the intelligence community changed their view, we made it clear they changed their view. we said we will get to the bottom of this. >> the vice president's lowest momen
>> it wasn't a five-point plan, it was a five-point set of platitudes, he wants to prove training, deficit, and trade. but not how he would. other than what his end goals were. >> interesting, wolf. some of the frustration people had, there weren't lots of specifics in this debate. and, in fact, i know you will talk about the low points. smu professors saying this is the number one debate in terms of the number of low points as scored by the focus group that they've done in the past...
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as far as the tax plan, look, he has said he will not pass a tax plan that is not deficit neutral. he's been very clear about this. his principles are do not change or modify the share of taxes paid at the upper income level, reduce the tax burden on the middle income level, cut rates across the board, particularly so you can create a more welcoming environment for small businesses, reduce the tax burden on small businesses, which are responsible for a disproportionate percentage of employment in this country, and you can do a lot of this by generating growth, getting rid of deductions, getting rid of a lot of the credits, getting rid of a lot of the loopholes and that is the plan he will put forward to congress. >> here's the thing. dan, here's the thing. nobody disputes that he intends to do some of this. what we don't know is how he intends to do it, and the specifics and until we get that, i think barack obama is perfectly entitled at the next two debates to take him on it, say hang on, you're cutting taxes by $5 trillion but what are you actually going to do to make up the $5
as far as the tax plan, look, he has said he will not pass a tax plan that is not deficit neutral. he's been very clear about this. his principles are do not change or modify the share of taxes paid at the upper income level, reduce the tax burden on the middle income level, cut rates across the board, particularly so you can create a more welcoming environment for small businesses, reduce the tax burden on small businesses, which are responsible for a disproportionate percentage of employment...
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? ♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. zoirchgs a space rocket blasted off from cape canaveral last night launching the fist private flight from the international space station. >> liftoff of the space x falcon 9 rocket. launching dragon to the international space station and returning cargo -- >> the unmanned capsule called dragon is on its way to the space station after separating from its rocket. it's carrying 1 240us pounds of cargo. the company has been contracted by nasa to fly a dozen flights to resupply the space station. >>> fearless felix, he is also known as felix baumgartner, and he has gotten to be pretty fearless. he actually is going to jump out of a balloon. this is 23 miles above the earth. this is exactly what he plans to do. the idea is to set a world record for a freefall. he has already tried it from a
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? ♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. zoirchgs a space rocket blasted off from cape canaveral last night launching the fist private flight from the international space station. >> liftoff of the space x falcon 9 rocket....
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they've got some deficits they need to overcome. i want to go over a couple other numbers. it's all about the honesty and the truthfulness and then the consistency. let's start with the honest and truthful aspect. there you have obama leading romney 44-39 when it comes to just how honest and truthful you think these candidates are. then when it comes to consistency, which the obama campaign has been hammering away on what they perceive as flip-flops, 47-37. that is what some people, hogan, my dear friend, former intern, which i always like to disclose, is a trust deficit. is it? >> well, so much of american politics is based on do i know you, do i trust you and do i like you? those are some damaging numbers for governor romney for sure. but look, the fact of the matter is he crushed president obama in that debate and these numbers are reflecting what a lot of people saw, and that was a stereotype that had been lined out about governor romney that he was some cold heartless businessman. he turned that on its ear. conversely, one of the stereotypes out for president obama is
they've got some deficits they need to overcome. i want to go over a couple other numbers. it's all about the honesty and the truthfulness and then the consistency. let's start with the honest and truthful aspect. there you have obama leading romney 44-39 when it comes to just how honest and truthful you think these candidates are. then when it comes to consistency, which the obama campaign has been hammering away on what they perceive as flip-flops, 47-37. that is what some people, hogan, my...
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this week it recorded the biggest straight deficit in four years. why? prices of iron ore and coal are down because of china slowing demand. china's unprecedented rise has brought with it a boon for resource-rich countries. as china's growth slows, the party is going to wind down. even the united states is not immune. i was struck by a report in "the wall street journal" this week that said u.s. exports to china of coal used in steel making grew six fold in 2009. they grew six fold again in 2010. 600% rises. but as china's steel industry faces a loss this year, demand for u.s. coal has slowed. that's contributed to layoffs for hundreds of coal miners in the state of west virginia. thousands of miners will have their penguision and benefits reduced. all of these ripple effects lead back to china. to give you a sense of its important, look at the market for metals. according to the world bank, china's consumption of refined metals has jumped 17 times since 1990. its share of global consumption of these metals jumped from 5% to 41%. over the last decade, wh
this week it recorded the biggest straight deficit in four years. why? prices of iron ore and coal are down because of china slowing demand. china's unprecedented rise has brought with it a boon for resource-rich countries. as china's growth slows, the party is going to wind down. even the united states is not immune. i was struck by a report in "the wall street journal" this week that said u.s. exports to china of coal used in steel making grew six fold in 2009. they grew six fold...
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so it creates a type of deficit disorder. so reading something, you're looking, clicking through, moving on, having five screens open at once. and finally, it is replacing real-life relationships and real-life communication skills. it reduces social intelligence and emotional intelligence, because you're just busy taking in information. >> but won't we adjust? i mean, humans adjust, as time progresses you will adjust to it. >> you will adjust to having more faulty real-life relationships, yes. >> i noticed people used to go to a coffee shop, or a bar, to hang out with people. now, people are chatting on line. is this a real thing? or are we just caught up in this addict society? or an addict nation? because everybody is addicted to something. >> you know it is a new substance to become addicted to. but people who are unable to self-regulate, and experience the withdrawals, it is a very real thing, don. >> so are there people who specialize in the behavior? >> anybody who experiences it can be treated, but look at your own fam
so it creates a type of deficit disorder. so reading something, you're looking, clicking through, moving on, having five screens open at once. and finally, it is replacing real-life relationships and real-life communication skills. it reduces social intelligence and emotional intelligence, because you're just busy taking in information. >> but won't we adjust? i mean, humans adjust, as time progresses you will adjust to it. >> you will adjust to having more faulty real-life...
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don't raise the deficit. don't raise taxes on the middle class. and don't lower the share of income born by the high income earners. he'll keep saying this $5 trillion plan. it's been discredited by six other studies and their own deputy campaign manager acknowledged it wasn't correct. >> let's talk about this 20%. you have refused to offer specifics on how you pay for that 20% across the board tax cut. do you actually have the specifics or are you still working on it and that's why you won't tell voters? >> different than this administration, we want to have big bipartisan agreements. see, i understand -- >> do you have the specifics, do you have the -- >> that would be the first in a republican congress. >> look at what ronald reagan and tip o'neill did. they worked together to broaden the base and lower tax rates. what we're saying is, here is our frame work. lower tax rates 20%. we raise about $1.2 trillion through income taxes. we forego about $1.1 trillion in loopholes and deductions. so what we're saying is deny those so that more of their
don't raise the deficit. don't raise taxes on the middle class. and don't lower the share of income born by the high income earners. he'll keep saying this $5 trillion plan. it's been discredited by six other studies and their own deputy campaign manager acknowledged it wasn't correct. >> let's talk about this 20%. you have refused to offer specifics on how you pay for that 20% across the board tax cut. do you actually have the specifics or are you still working on it and that's why you...
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tax kuchlt in fact, he declared unequivocally that he would not cut taxes at all if they added to the deficit at all. now, as "the washington post" reporter checks out, for two years rom hi has been campaigning on a tax cut that would cost around $5 trillion over ten years. he said he would eliminate deductions and spending to pay for it. he never offers details. he did say he would cut funding for public broadcasting which was 0.01% in 2012. medicaid was 0.13%. romney also spoke in favor of regulations including much of the dodd/frank bill and he repeatedly held up as a model his health care plan in massachusetts which has added center the individual mandate and on which obama care is based. romney's transformation did not happen overnight. the candidate has been reworking his stuck stuck speech. he has a five-point stump speech. the first four points are absolutely identical to obama's stump speech. 2, dough mess tech energy, 3, retraining programs, four, domestic. on five they differ. i've long argued that romney is an intelligent man trapped in a party that has forced him to embrace extre
tax kuchlt in fact, he declared unequivocally that he would not cut taxes at all if they added to the deficit at all. now, as "the washington post" reporter checks out, for two years rom hi has been campaigning on a tax cut that would cost around $5 trillion over ten years. he said he would eliminate deductions and spending to pay for it. he never offers details. he did say he would cut funding for public broadcasting which was 0.01% in 2012. medicaid was 0.13%. romney also spoke in...
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you know, who knew he was driving our deficit? so we're going after -- he's decided we're going after big bird and elmo's making a run for the border and oscar's hiding out in the trash can and governor romney wants wall street to run wild again but bring down the hammer on sesame street. look, that is not leadership. that's salesmanship. we can't afford it. we can't afford to double down on top down economics. we can't afford another round of tax cuts for the wealthy. we can't afford to roll back regulations on wall street banks or on insurance companies. we can't afford to gut our investments in education or clean energy or research or technology. that is not a jobs plan. that is not a plan to grow the economy. that is not change. that is a relapse. we have been there. we have tried that. we are not going back. we are moving forward. and that's why i'm running for a second term as president of the united states. >> all right. so there's the president of the united states. you get the point. he's really going after the republican
you know, who knew he was driving our deficit? so we're going after -- he's decided we're going after big bird and elmo's making a run for the border and oscar's hiding out in the trash can and governor romney wants wall street to run wild again but bring down the hammer on sesame street. look, that is not leadership. that's salesmanship. we can't afford it. we can't afford to double down on top down economics. we can't afford another round of tax cuts for the wealthy. we can't afford to roll...
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. >> in terms of mitt romney surging, just remember how much of a deficit he had to make up. he was in some cases double digits behind the president in all those attributes. >> pull back the reins. >> the media is focusing on one poll. >> that's reaction to the recent batch of polling, including that devastating pew poll that showed a four point romney lead. now consider that pew took an earlier poll in september a couple weeks before the debate, it was the republicans going ballistic when it showed romney eight points down. watch. >> these polls are basically just part and parcel of the campaign for barack obama to help him stay in this game as long as possible. >> if you believe what the polls are saying right now, you've got to believe that there's something huge going on. >> i've said that all along, and i'm willing to say that publicly and stick by it, and i know that that poll, up 15 points, is absolutely invalid. >> people need to understand that the polling this year is the worst it's ever been. >> that is not a legitimate poll in 2012. >> both polls were skewed when
. >> in terms of mitt romney surging, just remember how much of a deficit he had to make up. he was in some cases double digits behind the president in all those attributes. >> pull back the reins. >> the media is focusing on one poll. >> that's reaction to the recent batch of polling, including that devastating pew poll that showed a four point romney lead. now consider that pew took an earlier poll in september a couple weeks before the debate, it was the republicans...
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the strategist's tablet. and while i make my way into the venue, the candidate will be rehearsing off of his phone. [ candidate ] and thanks to every young face i see out there. [ woman ] his phone is one of his biggest supporters. [ female announcer ] with cisco at the center... working together has never worked so well. >>> joining us, the democratic strategist hilary rosen and republican strategist john feri. seeing a softer side of mitt romney, telling personal stories we haven't heard him do in the past. let me play a little clip. >> so i put my hand on his shoulder and i reached over and i said, billy, i love you and god bless you. it was a great occasion to say hi to my good friend. and he passed awa
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the strategist's tablet. and while i make my way into the venue, the candidate will be rehearsing off of his phone....
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i am going to blow the deficit up even larger. and by the way, all republicans, almost all republicans nationwide said we want to repeal row-wade and now says actually if you elect me, no chance. >> if we get too much caught up on him being moderate or being conservative, i'm not sure that the democrats taking advantage. where they've taken advantage is show him as someone without a consistent point of view willing to say anything because the president has to be someone who makes tough decisions even when they're unpop ulular. we'll see if that plays out. >> the bottom line he is more conservative than president obama. >> are you sure? >> absolutely. and conservatives know with a mitt romney in the white house they will get more conservative judges in federal positions. they will get -- they probably won't get, you know, the executive orders allowing international funding of abortion. that's the choice. >> that is true. of course that's true. but nobody has a problem with someone changing their mind given new information or a new
i am going to blow the deficit up even larger. and by the way, all republicans, almost all republicans nationwide said we want to repeal row-wade and now says actually if you elect me, no chance. >> if we get too much caught up on him being moderate or being conservative, i'm not sure that the democrats taking advantage. where they've taken advantage is show him as someone without a consistent point of view willing to say anything because the president has to be someone who makes tough...
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i got to ask why what he called the massive deficit we have un-american, and the deficit spending has been just outrageous under republicans and democrats. why, when that was the case, he spent $90 billion sending money to green energy companies owned by friends and contributors of his. and we heard what he had to say or not say. i think we boil it down to this, he said more recently look, you can't change washington from the inside, you have to change it from the outside, we're going to give him that chance on november 6th. [ cheers and applause ] now, there were a couple places where we agreed. we agreed that we would take this country in very different directions. he points out that, actually it was the vice president that blurted out the truth, that they're planning on raising taxes by a trillion, but it's more like 2 trillion with the obama care taxes. there's no question that their spending and interest on the debt they amassed will do what one recent study showed and and that is cause them to raise taxes on the middle class. and i make this commitment to you, under no circumsta
i got to ask why what he called the massive deficit we have un-american, and the deficit spending has been just outrageous under republicans and democrats. why, when that was the case, he spent $90 billion sending money to green energy companies owned by friends and contributors of his. and we heard what he had to say or not say. i think we boil it down to this, he said more recently look, you can't change washington from the inside, you have to change it from the outside, we're going to give...
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on the domestic side they have these record deficits versus moving to a balanced budget. they have president obama's anemic record on job creation versus governor romney's comprehensive plan. in foreign affairs they have a contrast between passivity and listlessness versus bold leadership. they have a contrast between managing the decline of america, weaker defense versus stronger defense. with the hubbub of what happened immediately after benghazi when the reporters for a few days were focused on what mitt romney said and when about the apology that came out of the egyptian embassy, the u.s. embassy. in fact, his statements were very consistent with what the secretary of state said seven hours later. >> right. but the problem was that they pre -- >> shoot before you aim. but it was he who shot before he aimed because he was talking at the time of spontaneous demonstrations. now reluctantly they've admitted there was a preplanned it sha n >> wouldn't you argue both were wrong? one to say it was not a preplanned attack, obviously they changed that. you're right. that was c
on the domestic side they have these record deficits versus moving to a balanced budget. they have president obama's anemic record on job creation versus governor romney's comprehensive plan. in foreign affairs they have a contrast between passivity and listlessness versus bold leadership. they have a contrast between managing the decline of america, weaker defense versus stronger defense. with the hubbub of what happened immediately after benghazi when the reporters for a few days were focused...
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. >>> welcome back. a new poll by the pew research center has governor romney leading president obama now by four points. the poll was conducted after the presidential debate. in this poll more voters identified themselves as republicans than democrats. last month in a similar poll more said they were democrats and that's when the president was up by eight points. there's a new article, little bit hysterical. andrew sullivan said it's over. he said obama threw the entire election away. called the poll results dea stating. too arrogant to take a core campai
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on...
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increased spending to increase the the deficit. >> while you watch the debate tonight, get instant reaction debates live blog. just rolls off the tongue, doesn't it? we'll be right back. >>> in 1994 when george bush sr. was in a debateferaro, he appeared to be patronizing toward her. >> let me help you with the difference between iran and the embassy in lebanon. >> and she answered right on the button. >> let me just say first of all that i almost recent your patronizing attitude that you have to teach me about foreign policy. >> that moment, i think, solid fie e fieded the idea that a woman had the right to be there as a vice presidential candidate. all energy development comes with some risk, but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas...
increased spending to increase the the deficit. >> while you watch the debate tonight, get instant reaction debates live blog. just rolls off the tongue, doesn't it? we'll be right back. >>> in 1994 when george bush sr. was in a debateferaro, he appeared to be patronizing toward her. >> let me help you with the difference between iran and the embassy in lebanon. >> and she answered right on the button. >> let me just say first of all that i almost recent your...
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? capella university understands back from rough economic times. employees are being forced to do more with less. and the need for capable leaders is greater than ever. when you see these problems do you take a step back, or do you want to dive right in? with a degree in business from capella university, you'll have the knowledge to go further in your career than you ever thought possible. let's get started at capella.edu >>> death toll in the men ninlg jits outbreak is growing. the cdc saying 12 people are dead. 119 people are infected with cases now reported in ten states. but it turns out some experts have been sounding the alarm over contaminated medications for years, even within the fda. elizabeth cohen joins us live from atlanta. elizabeth, you spoke to a former fda employee. what is she saying? >> she is saying that she saw this coming. sarah sellers used to work for the fda. she's a pharmacist. she t
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? capella university understands back from rough economic times. employees are being forced to do more with less. and the need for capable leaders is greater than ever. when you see these problems do you take a step back, or do you want to dive right in? with a degree in business from capella university, you'll have the...
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actually raises taxes on 9 million of the hardest pressed working families who would blow a hole in the deficit, cause much deeper cuts in medicare, medicaid and education and the environment and knock our economy off track raising interest rates, mortgage rates and car payment. >> well, deja vu when you listen to al gore now and joe biden and we'll watch to see if that plays out tonight. tonight, who do we have on stage? vice president joe biden and chairman paul ryan and they want to debate which ticket is best for the middle class and expect talk about their hometown routes. >> i proudly represent the state of delaware from years in the senate, but i come from a state, i come from pennsylvania -- i come from scranton and the same things in pennsylvania have basically happened here in ohio and, i tell you what, both, both are coming back. >> i live in janesville. i live about two hours northeast of here. it looks just like this town. actually, this looks, very much like some buildings we have in wisconsin. >> hear a lot of that tonight. joe biden and paul ryan on the campaign trail. go into t
actually raises taxes on 9 million of the hardest pressed working families who would blow a hole in the deficit, cause much deeper cuts in medicare, medicaid and education and the environment and knock our economy off track raising interest rates, mortgage rates and car payment. >> well, deja vu when you listen to al gore now and joe biden and we'll watch to see if that plays out tonight. tonight, who do we have on stage? vice president joe biden and chairman paul ryan and they want to...
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deficit totals 1$1.4 trillion. it exceeded the $4 trillion mark. >>> jack kennedy and paul ryan, perfect together? some things about them that are similar. both young, energetic, viant. paul ryan things they have something in common, joe biden not so sure. the republican candidate invoked a camelot era comparison. this time, the issue taxes. >> you can cut tax rates by 20% and preserve important preferences for middle class taxpayers. >> not mathematically possible. >> it's been done before. >> it's never been done before. >> a couple of times. >> nevereen done before. >> ronald reagan. >> now you're jack kennedy. >> ronald reagan. >> twitter was atwitter about that. that comment got a noticeable reaction from the group of undecided voters i watched during the debate last night. see it blown up there in the bottom of the screen. here is the problem, both kennedy and reagan working in a different time and place. to start, when both kennedy and reagan took office, individual tax rates not even in the ballpark of what
deficit totals 1$1.4 trillion. it exceeded the $4 trillion mark. >>> jack kennedy and paul ryan, perfect together? some things about them that are similar. both young, energetic, viant. paul ryan things they have something in common, joe biden not so sure. the republican candidate invoked a camelot era comparison. this time, the issue taxes. >> you can cut tax rates by 20% and preserve important preferences for middle class taxpayers. >> not mathematically possible....
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some serious deficit reduction. and i think when he looks at the math, if the three choices if, what i've outlined is correct and almost every expert agrees, you can only have two of those. which is the one that even he might go for? i'm not saying he will say that tomorrow. but i don't think he'll be the president so it won't matter. but that's what i think. >> does this put pressure on your colleagues? >> you know, there's no pressure i can put on them. i can propose an idea and see people grasp it. if it helps move things forward, that is my intention and i hope that's what happens. >> i want to double-check in terms of major retirement entitlement reform. one of the big issues is raising the age. are you taking it off the table? >> no, i am not taking anything off the table. i have been personally against raising the age. i continue to be. i have never on any of these issues say i will not support this bill. i don't think raising the age will happen. i think there's a lot of opposition to it. >> you just mention
some serious deficit reduction. and i think when he looks at the math, if the three choices if, what i've outlined is correct and almost every expert agrees, you can only have two of those. which is the one that even he might go for? i'm not saying he will say that tomorrow. but i don't think he'll be the president so it won't matter. but that's what i think. >> does this put pressure on your colleagues? >> you know, there's no pressure i can put on them. i can propose an idea and...
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Oct 6, 2012
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when people talk about the deficit -- it is not the deficit or debt but joblessness which is the great crisis of our times. the deficit and debt did not arrive from some inaccurate conception. two unfunded wars, medicare part d. let them speak to that. mitt romney has it fantastical approach to arithmetic. at the bottom of it, there is a commitment and an ideology to insuring that the top 1% make out real well. those most vulnerable at the bottom of the society who need a helping hand in times of fiscal economic crisis are put aside. it is ideological and i think the term "common-sense" is a terrific one to achieve and try to revive that one as you talk to c-span and agitate your committee. host: let's go back to the bus. john, what is your question? >> how is mitt romney going to be able to win independent voters after he alienated them in the primary? guest: i think that debate over night, which you watched as a student of political science and journalism -- he pivoted to some of the positions that he explicitly set aside during the primaries, where he became truly one of the most --
when people talk about the deficit -- it is not the deficit or debt but joblessness which is the great crisis of our times. the deficit and debt did not arrive from some inaccurate conception. two unfunded wars, medicare part d. let them speak to that. mitt romney has it fantastical approach to arithmetic. at the bottom of it, there is a commitment and an ideology to insuring that the top 1% make out real well. those most vulnerable at the bottom of the society who need a helping hand in times...
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Oct 6, 2012
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yeah president obama promise to get our spending under control by cutting the deficits in half. he also was so confident that shortly after taking office, president obama said he would fix the economy in three years or face a one term proposition. today he has broken those promises. now his words have no credibility. midway to the debate, the president realized that he had an president for the past four years and it was his policies and his agenda that failed to produce any of the results that a promised us as a candidate. president obama had not shown the kind of leadership we need. the face crisis today. which requires a steady hand. in a leader focus on the job. a president obama's focus has been on saving his own job. as party chairman, i understand that the president must campaign. but he also has a job to do. while barack obama enjoys being president, he does not seem to enjoy the work required in being a great president. for example, he has not bother to meet with his own jobs council since january. however, he has found the time for a lavish campaign fund- raisers, 140 c
yeah president obama promise to get our spending under control by cutting the deficits in half. he also was so confident that shortly after taking office, president obama said he would fix the economy in three years or face a one term proposition. today he has broken those promises. now his words have no credibility. midway to the debate, the president realized that he had an president for the past four years and it was his policies and his agenda that failed to produce any of the results that...
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Oct 13, 2012
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the deficit spending has been outrageous under republicans and democrats. but why when thaws with the case why did he spend $90 billion sending money to green companies, contributors of his. we heard what he had to say or not say. i think we boil it down to this. more recently he said, look, you can't change washington from the inside. you have to change washington from the outside. we'll, we're going to give him that chance on november 6. [cheers and applause] now, there were a couple of place where is we agreed. we agreed, for instance, that we would take this country in very different directions. and he points out -- well, actually it was the vice president that blurted out the truth that they're planning on raising the taxes with $2 trillion. actually it's more like $3 trillion. there's no secret that the spending and the interest that they amassed by virtue of their spending and it's going to cause them to raise taxes on the middle-class. i make this commitment to you, under no circumstances will i raise taxes on the middle-class of america. [cheers an
the deficit spending has been outrageous under republicans and democrats. but why when thaws with the case why did he spend $90 billion sending money to green companies, contributors of his. we heard what he had to say or not say. i think we boil it down to this. more recently he said, look, you can't change washington from the inside. you have to change washington from the outside. we'll, we're going to give him that chance on november 6. [cheers and applause] now, there were a couple of place...
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Oct 12, 2012
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it just reduces the deficit. by borrowing less, we have more money available for the private sector. that is a good thing. if they needed it. if there was a shortage of liquidity. ben bernanke has been working on that. that is a different study, too. what i have reported and which has been presented here to some degree is a way to calibrate what the costs and reduced federal spending are. it is not complete. the more recent study which looked at federal spending that he affects payroll as well as procurement, and not just military equipment, as bennett cited, but across all discretionary categories, would it cost $215 billion in lost gdp activity. that is 2/3 of what is projected to grow. if the economy grows at current projections, up to 2% next year, this would represent, to give it a reference point, 2/3 of gdp. at $110 billion, labor can come -- labour income, to understand what is tied to that spending, the analyses that i undertook put some jobs to that, 2.1 million jobs across all sectors of the economy. r
it just reduces the deficit. by borrowing less, we have more money available for the private sector. that is a good thing. if they needed it. if there was a shortage of liquidity. ben bernanke has been working on that. that is a different study, too. what i have reported and which has been presented here to some degree is a way to calibrate what the costs and reduced federal spending are. it is not complete. the more recent study which looked at federal spending that he affects payroll as well...
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Oct 13, 2012
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we're talking about problem in the debt and deficit. the fiscal cliff comes at the first of the year. there is no doubt that if we don't work together, we are dead in the water. mike, there have been plenty of proposals out there that make sense for this country. big broad based proposals. talked about many of them. they're the simpson-bowls and the list goes on. all sorts of gangs. the bottom line is those templates can be put together. it has to have everything in it, everything has to be addressed. people need to work together. i think there's critical minds in senate to get it done. when we talk about sequestration and the fiscal year, that was imposed on us a bipartisan way to get it done. we have to work together. it is easily fixed. like i said in the beginning, it's what montana do naturally. in washington d.c., we need to learn from montana. >> thank you representative rehberg, one minute. >> first thing we need to do is repeal obamacare. that will be the first action that we need to work on a bipartisan solution to the farm bi
we're talking about problem in the debt and deficit. the fiscal cliff comes at the first of the year. there is no doubt that if we don't work together, we are dead in the water. mike, there have been plenty of proposals out there that make sense for this country. big broad based proposals. talked about many of them. they're the simpson-bowls and the list goes on. all sorts of gangs. the bottom line is those templates can be put together. it has to have everything in it, everything has to be...
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Oct 14, 2012
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he said by the end of his first term he would cut the deficit in half. >> ohhh! >> yet he still does not put a credible plan on the table had to deal with the debt crisis. >> i'm sorry, this is a bunch of malarkey. >> does that mean? >> its irish. >> no, iris is i smack the dumb luck of your face. host: that was the "saturday night live"skits last night. we all know -- we will now go to seize than radio. >> thank you. today and the network tv talk shows covered topics include the vice-presidential debate, the presidential campaign, the lame- duck congress and the latest attack on the u.s. consulate in libya. c-span will re-air is program starting at noon. among the guests on "meet the press" will be republican governor bob mcdonnell of virginia. at 1:00 p.m., the guests include ohio republican senator rob portman and a delaware attorney general and some of the vice president and martha raddatz of abc news. at 2:00 p.m., it is "fox news sunday." the guests will be david axelrod enron gillespie. "state of the union" as at 3:00. she will have robert gibbs and a seni
he said by the end of his first term he would cut the deficit in half. >> ohhh! >> yet he still does not put a credible plan on the table had to deal with the debt crisis. >> i'm sorry, this is a bunch of malarkey. >> does that mean? >> its irish. >> no, iris is i smack the dumb luck of your face. host: that was the "saturday night live"skits last night. we all know -- we will now go to seize than radio. >> thank you. today and the network tv...